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Thomson Reuters
Apr 08 - 02:36 AM
EUR/USD - Still Skewed Lower Despite UST Yield Retreat
First appeared on eFXplus on Apr 07 - 10:05 PM
  • EUR/USD hugs ceiling of Bollinger downtrend channel 1.1219 on EBS
  • Bearish bias was reaffirmed Fri with close below channel top
  • Might head for 1.1158 channel base on return of USD strength
  • Pullback in UST yields tentatively lends EUR some relief
  • US 10y last at 2.499% after US wage growth ebbs, though NFP beats
  • Chance for fresh USD demand if FOMC minutes on Wed surprise doves

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